Softening Demand Hits Two Charlotte Offices, Blackstone Loan Heads to Market, Freddie Mac Provides $400 Million for Affordable Housing

Softening Demand Hits Two Charlotte Offices: Loans that have failed to pay off at maturity or are at risk of not being paid off comprise the overwhelming bulk of recent loans tied to commercial mortgage-backed securities transferred to special servicing with the intention of working out payment, according to Kroll Band Rating Agency. A total of $595 million in CMBS loans were newly sent to special servicing in December, of which $302.5 million, or 69.1%, were flagged as having transferred due to imminent default or reaching maturity.